Sell-Through of Carryover Products and Improved Sales-Floor Freshness
First written in FY2019. 12 of 18 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 11 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「This was mainly due to an increase of ¥420 million in cash and deposits and a decrease of ¥1,010 million in merchandise, among other factors.」
The company controlled purchases and sold through inventory, reducing the merchandise balance by ¥1,010 million from the end of the previous fiscal year. It also revised its merchandise valuation criteria and proceeded with inventory normalization. - FY2025AdvancedAnnual report
「This was mainly due to an increase of ¥420 million in cash and deposits and a decrease of ¥1,010 million in merchandise, among other factors.」
The company reduced carried-over inventory and controlled purchases, cutting the merchandise balance by ¥1,010 million from the end of the previous fiscal year. As a result, cash used in operating activities also decreased by ¥663 million year on year. - FY2025-H1AdvancedAnnual report
「We will continue to promote the conversion of stagnant inventory into cash by accelerating sell-through, while enforcing purchasing controls and maintaining appropriate inventory levels to prevent excessive cash outflows. Current assets decreased by ¥1,144 million from the end of the previous fiscal year to ¥4,591 million. This was mainly due to decreases of ¥819 million in cash and deposits and ¥467 million in merchandise, among other factors.」
The company continued to convert stagnant inventory into cash and control purchases, reducing the merchandise balance by ¥467 million from the end of the previous fiscal year. It described the move toward appropriate inventory levels and the limitation of cash outflows with supporting figures. - FY2025-Q1RestatedAnnual report
「With securing operating profit the highest priority under current conditions, we worked to improve our earnings structure by closing unprofitable stores and disposing of carried-over inventory, while limiting excessive cash outflows through strict purchasing controls and working to improve profitability.」
The company continues to close unprofitable stores, dispose of carried-over inventory and limit cash outflows through purchasing controls. The merchandise balance on the balance sheet, however, increased by ¥395 million from the end of the previous fiscal year. - FY2024AdvancedAnnual report
「While controlling purchases, we accelerated the conversion of carried-over merchandise into cash through early disposal, and worked to improve merchandise efficiency and review inventory levels to ensure they were appropriate.」
We continued to restrain purchases and dispose of carried-over merchandise, reducing the merchandise balance by ¥667 million from the end of the previous fiscal year. The company also stated that the stagnant-inventory sell-through rate improved from the previous fiscal year. - FY2024-Q3AdvancedAnnual report
「By enforcing purchasing controls and maintaining appropriate inventory levels, we will prevent excessive cash outflows while accelerating sell-through to convert stagnant inventory into cash. The stagnant-inventory sell-through rate has improved from the cumulative period through the third quarter of the previous fiscal year.」
The company stated that it continued to restrain purchases, maintain appropriate inventory levels and convert stagnant inventory into cash, improving the stagnant-inventory sell-through rate from the corresponding cumulative period of the previous year. - FY2024-Q2AdvancedAnnual report
「Current assets decreased by ¥1,804 million from the end of the previous fiscal year to ¥5,863 million. This was mainly due to decreases of ¥1,299 million in cash and deposits and ¥569 million in merchandise, among other factors.」
In connection with inventory optimization and the sell-through of stagnant merchandise, the merchandise balance declined by ¥569 million from the end of the previous fiscal year. - FY2024-Q1ReframedAnnual report
「By enforcing purchasing controls and maintaining appropriate inventory levels, we will prevent excessive cash outflows while promoting the conversion of stagnant inventory into cash by accelerating sell-through.」
The previous measures of selling through stagnant inventory and improving sales-floor freshness have been repositioned, in response to material events related to the going-concern assumption, as measures aimed at limiting cash outflows and converting inventory into cash. - FY2023WorsenedAnnual report
「Current assets decreased by ¥812 million from the end of the previous fiscal year to ¥7,668 million. This was mainly due to decreases of ¥1,374 million in cash and deposits, partly offset by an increase of ¥500 million in merchandise, among other factors.」
Although the company has been selling through and optimizing inventory, it stated that the merchandise balance increased by ¥500 million from the end of the previous fiscal year. - FY2021AdvancedAnnual report
「In addition, through purchasing controls and the active sell-down of carried-over inventory, merchandise inventory declined by ¥881 million year on year. The number of items in inventory per store also declined, helping create sales floors where customers can shop more easily and improve store operating efficiency.」
Through purchasing controls and the sell-down of carried-over inventory, we reduced merchandise inventory by ¥881 million year on year, contributing to improvements in the sales floor and store operations. - FY2021-Q3AdvancedAnnual report
「Inventory optimization has progressed through merchandise freshness management, and merchandise inventory declined by ¥1,280 million year on year. The number of items in inventory per store also declined, helping create sales floors where customers can shop more easily and improve store operating efficiency.」
Regarding inventory optimization through merchandise freshness management, merchandise inventory declined by ¥1,280 million year on year, and the number of items in inventory per store also declined. - FY2021-Q2AdvancedAnnual report
「Since March 2019, we have undertaken various reforms under the slogan "Trusted by many customers and an attractive place to shop." As a result, inventory per store declined from ¥19 million in August 2018 to ¥12 million in August 2020, while average customer spend in the first half of the fiscal year ending February 2021 increased 10.5% year on year, indicating that the reforms are beginning to deliver results.」
As a result of selling through stagnant inventory and implementing product reforms, inventory per store declined from ¥19 million to ¥12 million, while average customer spend in the first half increased 10.5% year on year. - FY2020RestatedAnnual report
「In addition to the early disposal of stagnant inventory, we accelerated sell-through through appropriate markdowns to prevent new stagnant inventory from accumulating.」
We continue to dispose of stagnant inventory early and use markdowns and sell-through to prevent new stagnant inventory from accumulating. - FY2020-Q2RestatedAnnual report
「As part of product reform, we accelerated the sell-through of stagnant inventory through appropriate markdowns to ensure the early disposal of existing stagnant inventory and prevent new stagnant inventory from accumulating.」
To sell through carried-over and stagnant merchandise and improve sales-floor freshness, we continue to dispose of stagnant inventory early and sell through merchandise without leaving new stagnant inventory. - FY2020-Q1AdvancedAnnual report
「As part of product reform, we accelerated the sell-through of stagnant inventory through appropriate markdowns to ensure the early disposal of existing stagnant inventory and prevent new stagnant inventory from accumulating.」
Regarding the sell-through of carried-over merchandise and improvement of sales-floor freshness identified as measures for the next period in the previous period, we are carrying out the early disposal of stagnant inventory and selling through merchandise without leaving new stagnant inventory. - FY2019First statedAnnual report
「We expect gross profit to improve from the current period by accelerating the sell-through of carried-over merchandise and improving freshness on the sales floor.」
As measures to improve gross profit in the next period, we specifically identified accelerating the sell-through of carried-over merchandise and improving freshness on the sales floor.